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Wick

BTC rejectionIn my opinion it looks like BTC got a clear rejection from all the upper band of the channel. Maybe that we could go down again in the meantime? Zooming in we're clearly seeing that we got a rejection with the candle wick. Zooming in on the 15m en 1h we're seeing that a kind of rising wedge might be forming which could signal some more downward movement. In the immediate short term, but only if it breaks down. We got to keep in mind, we're still bearish on the higher tf's.
FTX:BTCPERP
by NotAChartist
BSV weekly open == low might mean there is room for it to drop.In my trading days usually a candle stick usually has two wicks, one for the high and one for the low. This week is a perfect set up where the lowest part of the candle is also the open of the candle. That means the week opened up the bottom wick didn't form and bsv went up right away. If 90% of the time both sides of the candle has a wick, then this is a pretty good indicater that the price currently at 180$ will drop to form a bottom wick making the weekly low lower than the open. This is probability on my side, and I only sold a fraction of my position to capture some profits then get back in to increast my position. This week is contraversial to the last post I made about BSV, but as the price changes so does the plan. God bless.
BShort
by JacobTrader100